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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Industrial properties
2412 Pari Way Midlothian, VA 23112-3858
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-1337939
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2012
Total area
12,730 SF
Lot
1.99 ac (86,902 SF)
Zoning code
I1 - LT INDUSTRIAL DIST
APN
730-69-23-70-400-000
UPID
US87-1337939
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kitabis Pak Department Store
-
PARI Respiratory Equipment Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.27M
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$3.20M
Owner & transaction history
Wyatt Family Group LLC · 4 yrs held
Wyatt Family Group LLC
since 2021
Last sale
$3.2M
3 recorded transactions
Zoning & alternative use
I1 - LT INDUSTRIAL DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Midlothian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midlothian submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,230,000
ML approach
$3,265,000
CAP Approach
CAP Return
Estimation
6%
$2,580,000
6.5%
$2,380,000
7%
$2,210,000
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.15M (Dec 20 2021)
Last sale anchor
$3.15M
Dec 20 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$251 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,357
Tax year 2024
Assessed value
$1,995,200
Assessed 2024
Previous assessed
$1,639,400
+21.7% YoY
Effective rate
0.97%
On assessed value
Assessed land
$271,100
Assessed improvement
$1,724,100
Land market value
$271,100
Improvement market value
$1,724,100
Total market value
$1,995,200
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2012
Heating
NONE
Stories
1
Total area
12,730 SF
Lot
1.99 ac (86,902 SF)
Zoning code
I1 - LT INDUSTRIAL DIST
APN
730-69-23-70-400-000
UPID
US87-1337939
Jurisdiction
CHESTERFIELD
Zoning & alternative use
I1 - LT INDUSTRIAL DIST · Midlothian, VA
Zoning I1 - LT INDUSTRIAL DIST · permitted uses
I1 - LT INDUSTRIAL DIST · Midlothian, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midlothian. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Wyatt Family Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
109 TONBRIDGE RD, RICHMOND, VA 23221-3230
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$3,150,000
Wyatt Family Group LLC
Trolley Station LLC
Warranty Deed
—
Jun 28, 2013
$2,300,000
Trolley Station LLC
Wbc I LLC
Grant Deed
—
—
—
Trolley Station LLC
—
Deed Of Trust
related
$1,617,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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